In 2018, one in seven medical professionals clients claimed on their income protection policies, from a few days / weeks to ongoing long-term illnesses. Click here to find out more including the breakdown of injuries and illnesses, award amounts, gender split and more.
If you are self-employed, Day One Income Protection covers you from the first day of illness – no waiting period. Our tailored policies provide you with a replacement salary for the duration of your illness (up to 66% of your income).
Whether its a short term cold or flu or a longer term serious condition, as long as you are unable to work you will be covered. The claims procedure is swift and seamless with your first payment arriving within 1-2 weeks of the receipt of your form.
Find out how much it would cost to secure your income – request your personalised quotation below.
If you become unwell, it is not just the loss of income that will affect you. Contracting a locum to provide cover for your practice is a significant cost and not entirely covered by the HSE. The HSE Locum payment reduces over time and ceases entirely after one year.
Click here to find out more about HSE Locum Payments, the cost of employing a locum and how much it could cost you overall if you became unwell..
In recent times, the HSE Sick Leave Scheme has been halved, down to three months full pay / three months half. A deferred period plan provides a benefit that commences when your HSE Sick Leave Scheme benefit reduces and ultimately ceases. This ensures a continuance of salary so that you can maintain your standard of living and focus on your recovery.
If you are employed, we will work with any sick payment arrangements you might have to provide maximum salary continuance. A deferred period policy starts when your employer benefit ceases, ensuring that you are covered for every eventuality. Whether it’s a medium term accident / illness or a longer-term serious condition, you will be covered as long as you are unable to work.
We will develop a personalised policy to suit your specific financial situation and requirements. This is done by helping you to work out the level of cover that best suits your circumstances, giving you the peace of mind that you will be covered if you are unable to work due to accident or illness (up to 75% of your income, less social welfare).
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When I applied for income protection in 2013, I was in perfect health. Then suddenly I found myself laid up with broken bones from a serious car accident. I had barely paid my first premium, but Omega honoured their word. I never had to worry about payment, and the claim form was simple and quick. It was one major headache I didn’t have to deal with. I would recommend every professional to seek income protection, because you never know what lies ahead.
- Dr Emma O'Hara